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Barack Obama says that we shouldn’t be alarmed by what is happening over in Greece. On Tuesday, he told reporters that this “is an issue primarily of concern to Europe” and that “I think the markets have properly factored in the risks involved“. And apparently Obama is not too concerned about the debt crisis in Puerto Rico either. In fact, the Obama administration has already completely ruled out any sort of federal bailout for the island. Barack Obama is assuring us that everything is going to be just fine and that we are not headed for another global financial crisis. So is he correct? (Read More...)

In this article, I am going to share with you some statistics that prove that most Americans are completely and totally unprepared for a Greek-style economic crisis. According to one recent survey, an all-time high 72 percent of all Americans are concerned about an economic downturn, and yet the amount of actual preparation that is taking place for the next economic downturn is very low. As 2008 has faded into our memories, most Americans have been lulled into a false sense of security. Most people seem to be far more concerned about the latest exploits and scandals of their favorite celebrities than they are about the very real problems that this nation is steamrolling toward. Hopefully what is going on in Greece right now will serve as a wake up call, because the truth is that similar things could happen in the United States much sooner than most of us would dare to imagine. (Read More...)

Did you know that 25 percent of all egg production in the United States has already been taken offline due to the bird flu crisis? You aren’t hearing much about this in the mainstream media, but at this point bird flu has claimed the lives of 45 million chickens and turkeys in America. When I wrote about this a month ago, the number of dead birds was sitting at about 20 million. In just 30 days, the death toll has risen by an astounding 20 million. This is a major crisis and it is already causing egg shortages around the country, and yet very few people seem alarmed about this? Why is that? (Read More...)

Why are so many catastrophes hitting U.S. food production? This week, we have learned that more than 7 million turkeys and chickens have already been killed as the result of a devastating bird flu outbreak here in the United States. This particular strain of the bird flu has already spread to the states of Minnesota, Iowa, California, Arkansas, Idaho, Kansas, Missouri, North Dakota, Oregon, South Dakota, Washington and Wisconsin, and scientists are mystified as to why it is moving so rapidly. But what we do know is that this flu has the potential to kill an entire flock of chickens or turkeys in just 48 hours. This pandemic is quickly becoming a major national crisis all by itself, but when you combine this with all of the other disasters hitting our food supply, a very troubling picture emerges. Could it be possible that the U.S. food supply is cursed? (Read More...)

In the event that a major crisis or emergency strikes the United States, you are not going to be able to eat your gold and silver. If we get into a situation where supermarkets get cleaned out and food supplies get very tight, you are going to wish that you had stored some things away for your family. Now don’t get me wrong – I actually love gold and silver. I believe that they are both going to multiply in price during the years ahead. I particularly love silver for a couple of reasons. Unlike gold, silver is used in thousands upon thousands of different consumer products, so the physical supply is constantly diminishing. And historically, silver comes out of the ground at about a 10 to 1 ratio compared to gold, but right now the price of gold is about 65 times the price of silver. At some point there is going to be a massive adjustment there. But if you just rely on accumulating gold and silver and you never store up any food, you could end up deeply regretting that choice someday. (Read More...)

The last time the number of cattle in the United States was this low was 63 years ago. But back in 1951, there were only about 154 million people living in the United States. Now, there are more than 313 million people living in this nation. The size of the U.S. cattle herd has been shrinking for seven years in a row, and we are rapidly heading toward a beef shortage unlike anything that this country has ever experienced before. Of course the primary reason for this is the extreme drought which has been plaguing the western half of the country. As I noted recently, 2013 was the driest year that the state of California has ever experienced, and due to the lack of water ranchers across the western half of the nation have been selling off their cattle to be slaughtered. If you check out the U.S. Drought Monitor, you can see that almost the entire state of California is officially experiencing “D3 Extreme Drought” right now. If this drought does not end, we will eventually be facing a food crisis in the United States that is greater than any of us have ever seen in our entire lifetimes. (Read More...)

Once upon a time, the U.S. economy produced a seemingly unending supply of good paying jobs that enabled American workers to buy homes, raise families and live the American Dream. But now all of that has changed. Over the past several decades, there have been some fundamental shifts in our economy that have steadily eroded the value of the American worker. Thanks to incredible advances in robotics, computers and other fields of technology, many economic activities that once required a tremendous amount of manpower now require very little. Nothing is going to reverse those technological advances, so the jobs that have been lost as a result are now gone forever. But there are millions of other good jobs that we have lost that we could have done something about. Over the past couple of decades, millions upon millions of American jobs have been shipped overseas. Thanks to a whole host of “free trade” agreements that our politicians promised would be very good for our economy, U.S. workers have now been merged into a global labor pool with hundreds of millions of workers on the other side of the globe that live in countries where it is legal to pay slave labor wages. In such a situation, it is only natural for big corporations to shift production from high wage areas to low wage areas. Unemployment in America has skyrocketed and so have corporate profits. Today, corporate profits as a percentage of U.S. GDP are at an all-time high, but wages as a percentage of U.S. GDP are near an all-time low. The lack of decent jobs in the United States is one of the primary reasons why we are in an economic crisis that never seems to end, and things are not going to turn around any time soon. We truly are witnessing the slow, tortuous death of the American worker, and politicians from both political parties are just standing aside and letting it happen. (Read More...)

Will Hurricane Sandy turn out to be Obama’s Katrina? When the storm first hit, the media was full of praise for the way that Barack Obama was handling the crisis. But that was just based on the bold statements that Obama was making at the time. If those statements are not backed up by actions, what good are they? Obama has always been good with words. Unfortunately, several days after the storm it has become apparent that the federal response to Hurricane Sandy has been absolutely nightmarish. Large areas affected by the storm are still without power, and authorities now say that some power outages could persist until late November. Due to the lack of power and widespread transportation disruptions, very few gas stations are open right now. On Thursday, officials estimated that more than 80 percent of the gas stations in New Jersey were closed, and the lines at the stations that were still open were so long that some people had to wait for up to six hours for gasoline. Meanwhile, people are running out of food and they are getting desperate. There have been news reports that show hungry people rummaging through garbage dumpsters for food. There have been other reports of people actually defecating in the hallways because they have nowhere else to go. If you don’t believe this, just check out this video from NBC News. So what is “President” Obama doing about all of this? Well, after his 90 minute tour of the devastation that Hurricane Sandy caused, he jetted off to Las Vegas where he posed for pictures with Eva Longoria and did some last minute campaigning. (Read More...)

The economic crisis that is sweeping Europe is starting to hit Britain really hard. Over the last couple of years economists have been warning that we can’t let the “contagion” spread from troubled nations such as Greece and Portugal to the rest of Europe. Well, it is too late for that now. Spain and Italy are coming apart at the seams at this point, and even “stronger” nations such as the UK and France appear to be deeply troubled. According to numbers that were released just this week, the UK economy has now contracted for three quarters in a row. During the second quarter of 2012, the UK economy shrunk by 0.7 percent. That was a much larger contraction than the 0.2 percent contraction that economists were forecasting. At this point we have got a definite trend going. During the fourth quarter of 2011, the UK economy shrunk by 0.4 percent. During the first quarter of 2012, the UK economy shrunk by 0.3 percent. And now in this latest quarter the contraction of the UK economy appears to be accelerating. This economic downturn in the UK is being called “the longest double-dip recession for more than 50 years“. So will Britain soon look like Greece and Spain and Italy or will it be able to pull out of this nosedive in time? (Read More...)